Cryptocurrency exchange HTX (formerly Huobi) has disclosed the recovery of the crypto funds stolen by a hacker in late September. The crypto company has also honored its 5% white hat bonus offer to the hacker after reclaiming the looted funds.
On September 25, the HTX exchange succumb to a vulnerability, and 5,000 ETH were drained from one of its hot wallets. Following this exploit, the crypto company contacted the attacker and claimed it had confirmed their identity.
At the time, HTX requested the return of the stolen funds and offered the attacker a 5% white hat bonus. However, this offer came with an ultimatum of seven days, which elapsed on October 2, 2023.
HTX Pays Hacker 250 ETH White Hat Reward
On Saturday, October 7, HTX adviser Justin Sun confirmed – via a post on X (formerly Twitter) – that the exchange has received the entire funds stolen by the hacker. In this post, Sun assured that the hacker had been paid a white hat reward of 250 ETH (about $410,000), as initially promised.
Sun added:
Strengthening blockchain security and protecting user assets is never an easy task, and we have been working tirelessly! Providing full security for user assets is always our goal to strive for! We are thankful for the continued support of our users and community!
We have confirmed that the hacker has fully returned all funds, as promised, and we have also paid the hack a white hat bonus of 250 ETH. The hacker made the right choice. We would like to express our gratitude to everyone in the industry for their help! https://t.co/SwY49A25h2
— H.E. Justin Sun 孙宇晨 (@justinsuntron) October 7, 2023
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Author: Opeyemi Sule
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